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4/9/2018
The Peninsula Corridor Joint Powers Board (JPB) has authorized an agreement with Stanford University to further develop Caltrain's business plan.Under the pact, Stanford's Land, Buildings and Real Estate group will contribute in-kind technical assistance to support the business plan and help secure independent technical resources. In addition, the university and JPB will work together to identify and develop external sources to help fund the plan, Caltrain officials said in a press release.As project lead, the JPB will determine the contents of its final business plan."We look forward to working with Caltrain to plan for a future of connected, high capacity, and financially and environmentally sustainable rail service that meets regional transportation needs," said Robert Reidy, vice president for Stanford's Land, Buildings and Real Estate group.The Caltrain business plan is aimed at identifying a service model that supports long-term regional job and population growth, along with surging ridership demand.Work on the plan began in spring 2017 after the agency awarded contracts for construction of Caltrain's electrification project. To learn more about the commuter railroad's electrification plans, read this feature from Progressive Railroading's March issue.